Distributed ledger technology (DLT) firm R3 is moving to more deeply integrate its Corda platform with Microsoft's Azure cloud service.
With the expanded partnership, announced yesterday, the two companies plan to offer "effortless deployment" of Corda and its networks on Azure, easing the process of setting up Corda nodes and networks for enterprises, and thus limiting the time and costs involved in deployment, a press release states.
According to David Rutter, CEO of R3, the deeper integration simplifies the "development and deployment process," and facilitates the commercial deployment of R3's CorDapp applications.
With the move, Microsoft is allowing clients to focus on creating "real-world business solutions, applications and pilots," Peggy Johnson, executive vice president at Microsoft, said.
R3, a DLT consortium startup with over 100 enterprise members, first announced its partnership with Microsoft in April last year. The deal provides consortium members access to 45 cloud-based tools on its Azure platform, over and above Microsoft's blockchain-as-a-service offerings.
Microsoft image via Shutterstock
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.